Phew

07.20.11

News Corp. Execs: Murdoch Did Well

Rex / AP Photo

In front of the British Parliament to defend his company on Tuesday, Rupert Murdoch confessed to having “the most humble day of my life.” But back at News Corp., execs reportedly gave him good marks. According to The New York Times, insiders at the media empire were relieved at the Murdochs’ performances, noting that there were no bombshell revelations that could damage the company further. That should soothe rumors that Murdoch is on his way out as CEO. And stock analysts saw good news too—shares rose 6 percent during the day, gaining back much of the losses from the past two weeks.